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Archive for August, 2010


Is the Administration Considering Reviving the Tax Credit?

By on Monday, August 30th, 2010 | No Comments

If you click on the TBWS box and view today’s video, you’ll discover that the Administration is now considering re-enactment of the expired tax credit.  Talk about floating a trial balloon! If this comes to fruition, it will: falsely inflate the sagging real estate market; drive today’s buyers very quickly into negative equity faster when [...]

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HOA/Condo Buyers Entitled to Refund of Earnest Money Deposits

By on Monday, August 23rd, 2010 | No Comments

Revised August 23, 2010 at 4:18pm. Buyers who enter into contracts to purchase residential real estate in a condominium or homeowners association development are entitled to several disclosures from the seller, including notice of fees payable to the council of condominium owners or HOA; restrictive covenants that result from the property being subject to an [...]

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Think Big Work Small

By on Wednesday, August 18th, 2010 | No Comments

Highly recommended, entertaining, fast-paced daily videos on the current mortgage and real estate climate. WARNING!  Not for the faint-of-heart or squeamish! Click this link to go there now. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

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Are American Consumers Still Tapped-Out?

By on Monday, August 16th, 2010 | No Comments

It seems that despite rock-bottom interest rates, consumers aren’t flocking to real estate.  Traditionally, as rates fall, home prices rise, and at least locally in the mid-Atlantic, we’re seeing price stabilization, and in some counties, the prices have indeed started to rise.  However, consumers are having a tough time with creditor requirements for home loans.  [...]

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Is Obama now planning to outright forgive mortgage debt?

By on Friday, August 6th, 2010 | No Comments

I wouldn’t have believed it either, except this came from a reliable source. Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage [...]

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